Users – individuals or other economic agents circulating on the Ecex.Exchange.
An account holder – might be an individual or corporate account
An account number – example: EX29ECEX1842A6FFAD83
An account refers to a balance of assignments, money, other digital assets.
The non-disclosure agreement (NDA). It is a contract through which the parties agree not to disclose information covered by the assignment agreement. An NDA creates a confidential relationship between the parties, typically to protect any type of confidential and proprietary information or trade secrets. As such, an NDA protects non-public business information.
An assignment is a legal term used in the context of the law of contract and of property. In both instances, assignment is the process whereby a person, the assignor, transfers rights or benefits to another, the assignee.
An assignment agreement is a contract in which one party assigns contractual rights.
An assignor is a person, company, or other entity who transfers rights that they hold to another entity. The assignor transfers to the assignee.
An assignee is a person, company or entity who receives the transfer of property, title or rights from a contract. The assignee receives the transfer from the assignor.
Debt is an amount of money borrowed by one party from another. Debt is used by many corporations and individuals as a method of making large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
A creditor is an entity (person or institution) that extends credit by giving another entity permission to borrow money intended to be repaid in the future.
A debtor is an entity that owes a debt to another entity. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower
Credit is a broad term that has many different meanings in the financial world. It is generally defined as a contractual agreement in which a borrower receives something of value now and agrees to repay the lender at a later date — generally with interest.